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Condor under new ownership

News | Published:

CONDOR is officially under new ownership after the completion of a sale agreement that was initially announced in November.

(27387048)

French shipping company Brittany Ferries has bought a minority stake in the business, with Columbia Threadneedle Investments, a US-owned global asset-management company, buying the rest.

In a statement, Paul Luxon, the chief executive of Condor, said: ‘The new shareholders share our vision for maintaining and developing ferry services and we will be working with them, along with local stakeholders, on long-term plans that include fleet replacement and investment.

‘As a company, Condor’s immediate focus is to continue preparing for the season.

‘We fully recognise we play a vital role in supporting the visitor economies of Jersey and Guernsey alongside our commitment, for over 70 years, to providing essential freight services and travel options for islanders.’

Condor Rapide, which was once an Australian Navy supply ship and is now used to ply the route between the Channel Islands and St Malo, is due to be replaced next year. The freight-only Goodwill is due to be replaced in 2030.

Ed Taylor

By Ed Taylor
Journalist

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